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but this is an extremely important turning point for boeing. could be an extremely important turning point, of course, depending how the review turns out and what they find. >> warner: do we know when the review will be done? >> no. the faa has been very careful not to sketch out a time line for it. boeing says it's cooperating with the review and has its experts working on it. i understand from people i talk to that boeing was quite resistant in the beginning to this idea but it remains to be seen what the faa comes up with. to some extent the faa is, indeed, reacting to public pressure and public concerns and so i'm not sure that the faa officials themselves at this point really know what direction they want to head in. they are going to look at the data and that could take i would say several months, at least. >> andy pasztor from the "the wall street journal", thank you. >> thank you. >> brown: this week provided a glimpse of the latest in technology and high-end gadgets at the annual consumer electronics show, which wrapped up today in las
but this is an extremely important turning point for boeing. could be an extremely important turning point, of course, depending how the review turns out and what they find. >> warner: do we know when the review will be done? >> no. the faa has been very careful not to sketch out a time line for it. boeing says it's cooperating with the review and has its experts working on it. i understand from people i talk to that boeing was quite resistant in the beginning to this idea but it...
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. >> tom: boeing's dreamliner jet remains in service tonight even as federal regulators have opened a top to bottom review of the plane. the federal aviation administration announced the safety review after at least four separate incidents with the new planes this week, problems that have shaken the confidence of some shareholders. >> reporter: this is the most recent problem for boeing's newest and most complex aircraft, a cracked windshield on a 787 in japan today. but it was problems earlier this week like an auxiliary battery fire on board an empty 787 in boston that got the attention of safety regulators. >> this review will cover the critical systems of the aircraft including the design, manufacturing and assembly. >> reporter: the action comes 15 months after the dreamliner was cleared for take-off by regulators and came into service. the plane had been eagerly anticipated by the airline industry. it uses lightweight carbon composite material more than other passenger planes. it also relies more on electrical systems instead of mechanical components. the result is a lighter pla
. >> tom: boeing's dreamliner jet remains in service tonight even as federal regulators have opened a top to bottom review of the plane. the federal aviation administration announced the safety review after at least four separate incidents with the new planes this week, problems that have shaken the confidence of some shareholders. >> reporter: this is the most recent problem for boeing's newest and most complex aircraft, a cracked windshield on a 787 in japan today. but it was...
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if you're looking at things like the brakes, boeing did revamped its software system in november. it would be troubling if it turns out to be a similar issue, because that was a challenging fix. >> going can at least draw comfort from one of the words of their biggest customers. qatar airways and dismissed the issue as easy problems. there are still plenty of fans. bbc news, new york. >> tonight, the white house has confirmed that labor secretary bill so this -- hilda solis is resigning. this at the time that president obama has picked jack lew to replace tim geithner as treasury secretary. whoever runs the jaret -- the treasury has a critical job. so far, 2013 has been marked by fighting over the fiscal could. but americans say they are looking for solutions, decisions. we have the ceo of accounting giant duch joining me from -- deloit joining me from new york. what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fi
if you're looking at things like the brakes, boeing did revamped its software system in november. it would be troubling if it turns out to be a similar issue, because that was a challenging fix. >> going can at least draw comfort from one of the words of their biggest customers. qatar airways and dismissed the issue as easy problems. there are still plenty of fans. bbc news, new york. >> tonight, the white house has confirmed that labor secretary bill so this -- hilda solis is...
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right now, the boeing 787 is not exactly living the dream. it instead after years of delays, the most technologically advanced airliner has hit some bumps. monday, a fire ignited on board the airplane in boston, and there's been an oily, problems with the brake system, and a cracked a cockpit window. today it was announced the faa would review the airplane, but the authorities stress their belief in its safety. are these just bumps to the road or part of a big problem? joining me earlier, i spoke with paul, who is an expert in aviation. thank you very much for coming in. there is a mixed message from the u.s. regulators. they say the airplane is safe, but they are reviewing its safety. what do you make of that? >> i think the faa wants to assure the public this airplane has met the standards. they're putting together a team to look at it. none of these events look connected. any new aircraft faces these kinds of problems often. when the 777 was introduced, it had problems. it has flown 17 years without a fatality. the 1-380 had cracks in its
right now, the boeing 787 is not exactly living the dream. it instead after years of delays, the most technologically advanced airliner has hit some bumps. monday, a fire ignited on board the airplane in boston, and there's been an oily, problems with the brake system, and a cracked a cockpit window. today it was announced the faa would review the airplane, but the authorities stress their belief in its safety. are these just bumps to the road or part of a big problem? joining me earlier, i...
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boeing weighed on the market, pushing shares lower over worries with boeing's new dreamliner 787 plane. first, national transportation safety board officials are investigating an onboard fire on a dreamliner yesterday at logan airport in boston. that fire had carriers inspecting their 787s, and united airlines found improperly installed wiring according to reports. the "wall street journal" reports both issues center around the plane's auxiliary power system. shares fell 2.6% on heavy volume. the company is increasing production of the dreamliner, aiming to boost its delivery of the planes. almost 800 of them have been ordered by air carriers around the world. videogame retailer game stop may want a reset for the past holiday season. the company warned sales at stores open for at least a year fell, forcing the company to cut the top end of its financial forecast for the quarter. traders and investors hit the sell button. shares fell 6.3% on heavy volume. sales dropped for both new and used video games. we have more analysis of game stop's stock chart on our web site, www.nbr.com. under
boeing weighed on the market, pushing shares lower over worries with boeing's new dreamliner 787 plane. first, national transportation safety board officials are investigating an onboard fire on a dreamliner yesterday at logan airport in boston. that fire had carriers inspecting their 787s, and united airlines found improperly installed wiring according to reports. the "wall street journal" reports both issues center around the plane's auxiliary power system. shares fell 2.6% on heavy...
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. >> additional corporate funding for "washington week" is provided by boeing. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. nothing says bipartisan cooperation like ringing in the new year by counting down to a midnight vote to raise taxes. by the time the fiscal cliff drama drew its only temporary conclusion this week, speaker boehner was pledging not to negotiate with president obama, president obama was promising not to negotiate over the debt limit, and vice president biden seemed like the only one left in a good mood. >> public service was never meant to be an easy living. extraordinary challenges demand extraordinary leadership. so if you've come here to see your name in the lights or to pass off a political victory as some accomplishment, you've come to the wrong place. the door is right behind you. >> i think most of our members, and we are never unan
. >> additional corporate funding for "washington week" is provided by boeing. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. nothing says bipartisan cooperation like ringing in the new year by counting down to a midnight vote to raise taxes. by the time the fiscal cliff drama...
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prudential. >> additional funding is provided by boeing. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. captioning by vitac, underwritten by fireman's fund >>> every single bite needed to be -- >> twinkies in there? >> wow. >> its it's like a great big hug on a cold day. >> not as spicy as i can handle and my parents put chili powder in my baby food. >> french fries bits all over the table and just a lot of
prudential. >> additional funding is provided by boeing. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. captioning by vitac, underwritten by fireman's fund >>> every single bite needed to be -- >> twinkies in there? >> wow. >> its it's like a great big hug on a cold day. >> not as spicy as i can handle and my parents put chili...
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Jan 10, 2013
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yesterday's big loser among industrial stocks was today's winner: boeing. the company was out defending its marquee plane, the dreamliner 787, after three issues in as many days this week. shares rebounded 3.6%. volume doubled. today the chief engineer for the program expressed confidence the 787 is safe. the other big winner in the sector was industrial equipment maker danaher. shares are at an all-time high after the firm raised its financial forecast for the fourth quarter. among the health care stocks rallying was medical device maker stryker. it makes replacement knees and hips. preliminary quarterly results were encouraging after a recent slowdown blamed on weakness in europe. shares moved up to a new 52 week high. u.s. sales had been under pressure as well from insurance companies becoming more conservative in paying for elective replacement surgeries. the fight for clear-wire is on. clear-wire is a wireless broadband technology company. sprint owns half of the company and has offered to buy the rest, but dish network topped sprint's offer, as dish c
yesterday's big loser among industrial stocks was today's winner: boeing. the company was out defending its marquee plane, the dreamliner 787, after three issues in as many days this week. shares rebounded 3.6%. volume doubled. today the chief engineer for the program expressed confidence the 787 is safe. the other big winner in the sector was industrial equipment maker danaher. shares are at an all-time high after the firm raised its financial forecast for the fourth quarter. among the health...
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how big a disaster is this boeing story. we will let you know if you stay with us. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to the kudlow report. in this half hour. the boeing 787 is turning into a fiery nightmare and the stock is getting crushed. plus 1,350 days and counting that is how long it has been since the democratic controlled senate passed a budget. and how it could become a bargaining chip to the upcoming fight. and team obama and sen the democrats are going all out for new gun controls. tomorrow, vice president biden is going to meet with organizations and thursday he is going to the nra. all this suspect senator feinstein plans to go after h d handguns. let's talk. we have blake zeth and we may get jeannine turner. blake, the thing th
how big a disaster is this boeing story. we will let you know if you stay with us. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to the kudlow report. in this half hour. the boeing 787 is turning into a fiery...
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. >> tom: and boeing's 787 dreamliner undergoes a comprehensive safety review by federal regulators af(oqr severl problems surfaced this week. that and more tonight on "n.b.r." >> tom: if you are sneezing andç feverish tonight, you're not alone. the flu has officially reached epidemic proportions in the united states. the centers for disease control and prevention say more than 7% of deaths last week were caused by pneumonia and the flu. it's expected to be the worst flu season in a decade. but it's not just a public health issue, there's the potential for a real economic
. >> tom: and boeing's 787 dreamliner undergoes a comprehensive safety review by federal regulators af(oqr severl problems surfaced this week. that and more tonight on "n.b.r." >> tom: if you are sneezing andç feverish tonight, you're not alone. the flu has officially reached epidemic proportions in the united states. the centers for disease control and prevention say more than 7% of deaths last week were caused by pneumonia and the flu. it's expected to be the worst flu...
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down 247, 3% at boeing at 73.70. this plane from the production problems now to the flight usage issues, it feels like a snake bit aircraft. as you say, the public perception is one thing. i wonder if any airlines quietly, quietly are expressing concerns either to you or back channels to boeing about this aircraft. >> yes. they are expressing their concerns. have they picked up the phone since yesterday and picked up the phone and called jim, probably not. i suspect what we're hearing from the airlines and what they are telling boeing is the same thing they have been telling boeing over the last several years. a, are you going to deliver this aircraft on time. b, is it going to meet expectations. if that happens, again, for the most part, most of the airlines flying this aircraft are reporting that it is delivering on the expectations that they had set in advance when they ordered the aircraft. i know that's a little strange. some people will look at this and say, listen, there's all these problems with the dreamline
down 247, 3% at boeing at 73.70. this plane from the production problems now to the flight usage issues, it feels like a snake bit aircraft. as you say, the public perception is one thing. i wonder if any airlines quietly, quietly are expressing concerns either to you or back channels to boeing about this aircraft. >> yes. they are expressing their concerns. have they picked up the phone since yesterday and picked up the phone and called jim, probably not. i suspect what we're hearing...
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and boeing engineers -- by the way, boeing engineers, this is a willing participation by boeing. it's not as though they're calling boeing into the office. boeing is saying yeah, let's sit down and look at this issue together. as you take a look at shares of the boeing, one thing to keep in mind, this review is likely to take several weeks. so we see the headline risk that's likely to be there for boeing. the press conference happening later this morning may just be the latest mark is what we're going to see over the next several weeks where the dreamliner is going to be back in the news on a fairly steady basis. you have to wonder what kind of an impact that's going to have on shares of boeing. >> did al nippon take more deliveries than any other airline? >> they were the launch customer. so yes, so far they have more than others. i don't think that they have the most orders. i'd go to have back and check this. but you know, it's a gradual process, where -- >> saying al nippon every day. that's the thing. so that's where -- right? >> you love saying al nippon. >> no, i don't min
and boeing engineers -- by the way, boeing engineers, this is a willing participation by boeing. it's not as though they're calling boeing into the office. boeing is saying yeah, let's sit down and look at this issue together. as you take a look at shares of the boeing, one thing to keep in mind, this review is likely to take several weeks. so we see the headline risk that's likely to be there for boeing. the press conference happening later this morning may just be the latest mark is what...
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with shares of boeing suffered because of this and they are down again today. there is a news conference right now, the treasury secretary lahood and f.a.a. administrators involved in this and they saying the boeing 787 dreamliner is safe and they are doing a complete investigation to find out how the accidents have happened. shares of wells fargo are getting attention, the largest home lender posting a 24 percent jump in quarterly earnings as they boffed -- boosted lending. the nasdaq is higher but not much movement in other direction and the silicon valley index this morning trade down. if you are unemployed you may want to move out of plate. a study shows california is the third worst state in the nation to be employed in when it comes to unemployment benefits, with the rate and wealth distribution. connecticut is the worst. followed by washington, dc. a new deal on iphones starting today, adding the iphone four and iphone five with no contract and unlimited plan and it does include text and data and is available through walmart but this is a catch, you stil
with shares of boeing suffered because of this and they are down again today. there is a news conference right now, the treasury secretary lahood and f.a.a. administrators involved in this and they saying the boeing 787 dreamliner is safe and they are doing a complete investigation to find out how the accidents have happened. shares of wells fargo are getting attention, the largest home lender posting a 24 percent jump in quarterly earnings as they boffed -- boosted lending. the nasdaq is...
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lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at wells fargo. profits hit a record high. that is good. they are not doing as many mortgages. they are the nation's biggest lender. you can see it is down by one and a quarter percent. cheryl: how did last year's drought play out? jeff: it was pretty wild in here today. five of the past six years, this has been a limit move. take a look at what it was. we had, i think, scott shall indeed, a 26-point move. >> we had a pretty big range. jeff: this crop report is definitely a mover. take a look at this. this is the usda world agriculture supply and demand. it is down 13% on the year. acr
lori: boeing 787 dream liner is safe. if boeing stock safe for your portfolio? melissa: if your new year's resolution is to get in shape, this one will hurt. the gym membership, at that price, they better be working out for me. [ laughter ] all right, time for stocks now as we do every 15 minutes. lauren a sibling that he is standing by. stocks struggling today. >> holding this titrating pattern for much of the session. the dow is up seven points. energy is flat. let's take a look at...
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faa is out in full force as well as boeing. listen to what the faa said this morning about the safety of the 787. >> now, from day one, we have worked with boeing to certify the systems and further ensure this innovative aircraft meets the high level of safety for the flying public. we believe this is a safe aircraft. >> all right. he's the other issue. you know, basically, boeing says, look, there have been no more problems than similar to what we had introducing the 777 in the mid-90s, and so why the action in the stock of both sides of the aisle and even the transportation secretary said it's safe. reached out to 17 analysts, and getting feed back from wall street. they don't like the fire issue or the lithium battery issue. fire's scary. the lithium battery creates fires in mobile phones and laptop computers, and but listen to what steven is telling fox business about this issue, though. here's what he says, "we do think a fix is a available" just swap out the battery, a heavier battery rather than the talk about the boeing
faa is out in full force as well as boeing. listen to what the faa said this morning about the safety of the 787. >> now, from day one, we have worked with boeing to certify the systems and further ensure this innovative aircraft meets the high level of safety for the flying public. we believe this is a safe aircraft. >> all right. he's the other issue. you know, basically, boeing says, look, there have been no more problems than similar to what we had introducing the 777 in the...
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we will have the answers on the biggest of the banks and how bad is it for boeing? how much damage will the recent run of problems for the so-called dream liner due to boeing and company shares. three questions this hour. three answers. sue? full of answers, live as always at nyse. >> i hope so, ty. we will start with a question. will jacob be the next nominee? john harwood confirming he will be nominated to replace outgoing secretary of treasury tim geithner. but can he get through the senate? that the question. john is here in new york with perspective on that. what do you think, john? >> yes, he can. he is liked across the political spectrum. he is an effective liberal serving tip o'neill in the past. but we know that second term cabinet are beginning to fall into place. we have had the national security members of the team named in the last few days but now jack lew will be named, we expect tomorrow, to replace tim geithner who has been wanting to leave for some time. here is what president obama gets, someone with vast experience in handling capitol hill and de
we will have the answers on the biggest of the banks and how bad is it for boeing? how much damage will the recent run of problems for the so-called dream liner due to boeing and company shares. three questions this hour. three answers. sue? full of answers, live as always at nyse. >> i hope so, ty. we will start with a question. will jacob be the next nominee? john harwood confirming he will be nominated to replace outgoing secretary of treasury tim geithner. but can he get through the...
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boeing calls the airplane the dreamliner. it is a dream come true for the city's economy. >> it is the first floit behack to tokyo. this is 7 years and wait highway patroling for it and we are delighted that the flight is taking off. >> there is a shadow looming over it. there are questions over the safety of the planes. there was a fire and fuel leak earlier this week. we found a high profile passenger preparing to board this morning and feeling confident in the plane. >> when there is it a introduction to the airplane there is always something. there is nothing major on this one. >> former transportation secretary has full confidence in the federal officials charged with protecting airline travelers . nn thereto tsb operates and moving with the department of the transportation operates, i have -- i don't have the concerns about this plane or the 787 as a whole. >> his fellow passengers don't sound too worried. >> it seems like every airline has problems. and this is a new airplane. i am not bothered by it >> instead there w
boeing calls the airplane the dreamliner. it is a dream come true for the city's economy. >> it is the first floit behack to tokyo. this is 7 years and wait highway patroling for it and we are delighted that the flight is taking off. >> there is a shadow looming over it. there are questions over the safety of the planes. there was a fire and fuel leak earlier this week. we found a high profile passenger preparing to board this morning and feeling confident in the plane. >>...
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in the context of boeing, boeing is just a few dollars, or had been before these problems were revealed this week, off of new highs for the year. and so the context is you take profits here on a strong gainer. >> i was talking to david, who is always skeptical by what i say, i would hope to say antiseptical by monday, i hope -- >> i just have a little stuffy nose. you're running away from me like i'm typhoid mary. i've had my flu shot. >> i've only had one. >> whooping cough is making a big comeback. >> pertussis. >> come here, jim. >> no, we'll pass on that attractive opportunity. what i think is really interesting is japan is rearming. they're ordering rake yon systems. i think germany is going to have to rearm. i don't mean world war ii. we're pulling back. i bet you we take our soldiers out of japan and germany in the next four years. it costs too much money. these countries are buyers of our hardware. >> we should point out this continued dispute between china and japan over the south china sea continues to escalate. to sending fighter jets into near air space. it's certainly somet
in the context of boeing, boeing is just a few dollars, or had been before these problems were revealed this week, off of new highs for the year. and so the context is you take profits here on a strong gainer. >> i was talking to david, who is always skeptical by what i say, i would hope to say antiseptical by monday, i hope -- >> i just have a little stuffy nose. you're running away from me like i'm typhoid mary. i've had my flu shot. >> i've only had one. >> whooping...
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has a buy rating on boeing. thanks for being here. >> thanks for having me. >> any of these stories change your feeling on boeing? >> i see a string of potential manufacturing issue, and i think that it's very important for us to look at these issues as two different camps, manufacturing and design. if this is manufacturing hopefully we'll have a quick fix here. this is a plane ramping in production rates. boeing is learning how to produce this plane. if it's a design issue, that's a bigger issue because we'll have to redesign and do longer-term fixes, but boeing is learning how to produce this plane. if they are manufacturing issues, i think we're going to be okay. it's the design part that we would want to be worried about. doesn't change my long-term view of the company which is that it's a company that will generate a lot of cash here over the next several years and 40% of its market cap over the next three years and that money seems like it will be heading back to shareholders through dividends and share re
has a buy rating on boeing. thanks for being here. >> thanks for having me. >> any of these stories change your feeling on boeing? >> i see a string of potential manufacturing issue, and i think that it's very important for us to look at these issues as two different camps, manufacturing and design. if this is manufacturing hopefully we'll have a quick fix here. this is a plane ramping in production rates. boeing is learning how to produce this plane. if it's a design issue,...
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boeing calls the airplane the dreamliner. it is a dream come true for the city's economy. >> it is the first floit behack to tokyo. this is 7 years and wait highway patroling for it and we are delighted that the flight is taking off. >> there is a shadow looming over it. there are questions over the safety of the planes. there was a fire and fuel leak earlier this week. we found a high profile passenger preparing to board this morning and feeling confident in the plane. >> when there is it a introduction to the airplane there is always something. there is nothing major on this one. >> former transportation secretary has full confidence in the federal officials charged with protecting airline travelers . nn thereto tsb operates and moving with the department of the transportation operates, i have -- i dot have the concerns about this plane or the 787 as a whole. >> his fellow passengers don't sound too worried. >> it seems like every airline has problems. and this is a new airplane. i am not bothered by it >> instead there was
boeing calls the airplane the dreamliner. it is a dream come true for the city's economy. >> it is the first floit behack to tokyo. this is 7 years and wait highway patroling for it and we are delighted that the flight is taking off. >> there is a shadow looming over it. there are questions over the safety of the planes. there was a fire and fuel leak earlier this week. we found a high profile passenger preparing to board this morning and feeling confident in the plane. >>...
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same issue with boeing 787. they realized when they built this plane, given the technological advances they put in the plane they would have problems along the way. i don't think there's any airlines there that would step back and say, these guys have had problems, i don't think we should fly the plane. bottom line is this. airlines talk to each other. they are talking to boeing constantly. these kinds of checks happen all time. most of the time we do not know about it. that's what's going on as you run an airline. it's just that this is in the news right now, which is why we're hearing about it. >> do we hear as many news headlines about airbus, phil? even if there aren't cancellations, if you're going to choose from boeing and airbus, maybe you go for the airbus, no? >> most of the airlines getting these planes placed orders years ago. they have been talking with boeing steadily since then, talking with other airlines, some of the tarairlines. some of the airlines that received the plane. if this plane wasn't
same issue with boeing 787. they realized when they built this plane, given the technological advances they put in the plane they would have problems along the way. i don't think there's any airlines there that would step back and say, these guys have had problems, i don't think we should fly the plane. bottom line is this. airlines talk to each other. they are talking to boeing constantly. these kinds of checks happen all time. most of the time we do not know about it. that's what's going on...
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. >> tom: and boeing's 787 dreamliner undergoes a comprehensive safety review by federal regulators af(oqr severl problems surfaced this week. that and more tonight on "n.b.r." >> tom: if you are sneezing andç feverish tonight, you're not alone. the flu has officially reached epidemic proportions in the united states. the centers for disease control and prevention say more than 7% of deaths last week were caused by pneumonia and the flu. it's expected to be the worst flu season in a decade. but it's not just a public health issue, there's the potential for a real economic impact, costing employers billions of dollars. erika miller reports. >> reporter: hospitals like montefiore medical center in the bronx are reporting big spikes in flu cases. here, as many as 40% of people seeking emergency care have flu symptoms. >> in our pediatric emergency room, we are seeing in the range of 200 patients a day. and at that point, it's difficult to manage with all the staff that we have and the rooms that we have. >> reporter: the situation has gotten so bad in the big apple, that it's new nicknam
. >> tom: and boeing's 787 dreamliner undergoes a comprehensive safety review by federal regulators af(oqr severl problems surfaced this week. that and more tonight on "n.b.r." >> tom: if you are sneezing andç feverish tonight, you're not alone. the flu has officially reached epidemic proportions in the united states. the centers for disease control and prevention say more than 7% of deaths last week were caused by pneumonia and the flu. it's expected to be the worst flu...
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long term boeing will work this out. the 787 will likely go on to be one of the most successful aircraft ever. i think we'll have more of these issues and because media scrutiny is here it will be tough for boeing. ashley: are these type of issues typical for new aircraft, teething problems because boeing is under the microscope? >> they are. these issues are normal but the only problem boeing has had issues, if taken to their full compression could have been catastrophic. a fire, fuel leaks, uncontained engine failures. they have used up a lot of goodwill if you will and so now with media scrutiny upon us it will be more and more difficult and the fact that, you know, there are, you know, this is a unique airplane in the way it is built and the fact it is one of the biggest changes is that it is the most electric aircraft ever built --. ashley: that's right. >> the fact that we're having electrical issues and electrical issues are very difficult to troubleshoot and hunt down, will make this harder i think than previous
long term boeing will work this out. the 787 will likely go on to be one of the most successful aircraft ever. i think we'll have more of these issues and because media scrutiny is here it will be tough for boeing. ashley: are these type of issues typical for new aircraft, teething problems because boeing is under the microscope? >> they are. these issues are normal but the only problem boeing has had issues, if taken to their full compression could have been catastrophic. a fire, fuel...
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Jan 11, 2013
01/13
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the faa will be holding a news conference to launch a major review of the boeing 787 boeing dream liner. this week there were numerous problems reported with the aircraft. one flight had to be canceled because of brake lines with the plane. on monday a dream liner operated by japan airlines had an electrical fire broke out in its battery. this has spark concerns and put a damper on the air sport here. >> i think the more convenient international flights we have here locally is great. i love that. i don't like to have to drive to sfo. so that is good for me. >> reporter: nan will be flying to tokyo five days a week. it's the first direct flight from san jose to asia in six years. it's also the first airport in the bay area to have this dream liner that has been touted as technologically advanced and fuel efficient. coming up later in the morning the media is supposed to be giving a tour of the aircraft. there will be several transportation officials as well as people from ana. we plan on asking them about the latest development. reporting live from san jose janine de la vega. >>> vice pr
the faa will be holding a news conference to launch a major review of the boeing 787 boeing dream liner. this week there were numerous problems reported with the aircraft. one flight had to be canceled because of brake lines with the plane. on monday a dream liner operated by japan airlines had an electrical fire broke out in its battery. this has spark concerns and put a damper on the air sport here. >> i think the more convenient international flights we have here locally is great. i...
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Jan 7, 2013
01/13
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we have a call into boeing. boeing has not responded to our request for more information. i think boeing is still trying to figure out, base odd what they're hearing out of boston from the fire investigators exactly what's going on with the 787 dreamliner. a couple of things to keep in mind, scott. the mass port officials at boston just held a press conference where they said prior to this they've had a few mechanical issues, nothing major, regarding the 787 dreamliners that landed at that airport since they went into service. one other thing to keep in mind, this is the fourth understand or issue involving this 787 dreamliner in the last 34 days. united has had a couple of electrical problems. one where the plane lost some power and had to do an emergency landing in new orleans. another where they grounded the plane for electrical problems. you had the qatar airways 787 that had a similar problem as it was flying into doha and now you have this report of a fire in the belly of a 787 dreamliner, japan airlines dream liner. no passengers, now crew on the plane. guys, the br
we have a call into boeing. boeing has not responded to our request for more information. i think boeing is still trying to figure out, base odd what they're hearing out of boston from the fire investigators exactly what's going on with the 787 dreamliner. a couple of things to keep in mind, scott. the mass port officials at boston just held a press conference where they said prior to this they've had a few mechanical issues, nothing major, regarding the 787 dreamliners that landed at that...
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Jan 8, 2013
01/13
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carter leake with a downgrade on boeing shares. is this, we asked this question here, is this the moment of fear you want to seize in this market and buy boeing? keith? >> i'm looking for any stock that can give me that kind of fear. planes break, they crash, these kinds of issue from a maintenance perspective are what you should expect for people that have never seen the beast before. this is a big stock, it's down 4%. we got an oversold signal. we bought it. >> the volumes were tremendous today, mike, and, you had noticed a reversal in terms of sentiment in the options pits today. >> i think when we first got that story about the fuel leak coming as quickly on the heels of the fire we had the prior day, opgs traders were taking advantage that the prices were low and making bearish bets. but actually right around the bottom, under mid-day today, we started seeing people tiptoeing into the calls. and it started to ramp up very quickly and we saw big buyers of the february $77.50 calls. and at the end of the day on very heavy option
carter leake with a downgrade on boeing shares. is this, we asked this question here, is this the moment of fear you want to seize in this market and buy boeing? keith? >> i'm looking for any stock that can give me that kind of fear. planes break, they crash, these kinds of issue from a maintenance perspective are what you should expect for people that have never seen the beast before. this is a big stock, it's down 4%. we got an oversold signal. we bought it. >> the volumes were...
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Jan 9, 2013
01/13
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boeing may of confident in the dreamliner 787, one expert has some concerns. he worries why it's taking so long to get the root cause of some of these issues, and he's not at all comforted that boeing says the incidents are unrelatedance joins us now along with phil lebeau and myself. hans, what's raising your eyebrows most. tell us where the concern lies. >> well, my biggest concern is that boeing keeps us in a period of speculation because we don't -- we're not finding out what the problems have been. the houston problem goes back now almost a month, about a month. that's a long time, and -- and it's -- the longer this period of speculation lasts, the more it opens the door to people imagining the problem to be bad, and the worst case would, of course, be a catastrophic loss of an aircraft mid-flight on a long haul flight, a loss of life. so the more quickly boeing and all the other suppliers are definitely involved, the more quickly they come up with -- with an explanation of the root cause and also, of course, right along with this, with the credible expla
boeing may of confident in the dreamliner 787, one expert has some concerns. he worries why it's taking so long to get the root cause of some of these issues, and he's not at all comforted that boeing says the incidents are unrelatedance joins us now along with phil lebeau and myself. hans, what's raising your eyebrows most. tell us where the concern lies. >> well, my biggest concern is that boeing keeps us in a period of speculation because we don't -- we're not finding out what the...
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Jan 11, 2013
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it has been a different start to the year for boeing 787 dreamliner, first an electrical fire on the tarmac at boston's logan international airport. then a fuel link on another plane a day later. and overnight, cracks forming in the windshield of a 787 in flight during a flight over japan. this morning, the faa announcing it is opening an investigation into the aircraft. and how it is made. that announcement comes as silicon valley welcomes its first dreamliner to the san jose airport. >> it arrived after 9:00 a.m. and in less than an hour it will take a new flight of passengers bound for tokyo. in about 25 minutes. nbc bay area's bob riddell is live with more. >> reporter: good morning, marla and laura. there was a ceremony that just wrapped up with the mayor, with the ambassador, u.s. ambassador to japan and the airport's make namesake. at gate 15 to kick off the inaugural flight. all nippon airways flight 1075, the first nonstop flight between here and tokyo to leave in about 30 minutes, the five day-a-week schedule is significant for several reasons. one is the plane itself. the
it has been a different start to the year for boeing 787 dreamliner, first an electrical fire on the tarmac at boston's logan international airport. then a fuel link on another plane a day later. and overnight, cracks forming in the windshield of a 787 in flight during a flight over japan. this morning, the faa announcing it is opening an investigation into the aircraft. and how it is made. that announcement comes as silicon valley welcomes its first dreamliner to the san jose airport. >>...
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Jan 11, 2013
01/13
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boeing stock is down a buck and a half on that. now this: snow in jerusalem, lowest temperature there in decades. lowest temperature in china in three decades. however, the u.s. saw its warmest year on record last year and we've got the greenies fired up about a carbon tax against global warming. listen to this. >> in europe and asia right now we are looking at an arc of severe cold. china and korea have a winter like in the early 1950's when the pacific first flipped into its cold cycle got very, very cold in china and korea first. they're having a brutal winter over there. stuart: carol, and kirsten, real fast with this. you heard conflicting opinions here, brutal cold, china, europe, warm in america, here comes the carbon tax, kirsten, you know i'm right. >> i don't think -- well, i don't know that actually it's going to happen. environmental groups are definitely going to put pressure on the president. i don't think a carbon tax for global warming, but. stuart: nice try. >>. [laughter] i think they're going to use this global w
boeing stock is down a buck and a half on that. now this: snow in jerusalem, lowest temperature there in decades. lowest temperature in china in three decades. however, the u.s. saw its warmest year on record last year and we've got the greenies fired up about a carbon tax against global warming. listen to this. >> in europe and asia right now we are looking at an arc of severe cold. china and korea have a winter like in the early 1950's when the pacific first flipped into its cold cycle...
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Jan 11, 2013
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and let's move to other side of boeing, and after the u.s. government launch ed a safety review of the dreamliner and it has been anything but a dream for the aircraft maker which has suffered high profile glitches including a battery fire and fuel leak and oil leak, and so let's go to the charts with the original aviator and talking about carter braxton with worth. >> well, that was a long list there. this is a five-year chart of the boeing and what is important is 75 level and 75 4re 75 level an three years this has been stuck. but it shows equilibrium and is the dreamliner going to work or not? and everybody knows it is going to work and it will take over the market, and what sets up the tension is this breakout here and 95 or higher and looking at the same chart over 20 years and the same tension, and basically a stock has gone sideways for three years, 10, 11, 12, and the stock market has been ripping and that is equilibrium and equilibrium always ends, and you can now say that maybe it is going to breakdown and we would bet against it,
and let's move to other side of boeing, and after the u.s. government launch ed a safety review of the dreamliner and it has been anything but a dream for the aircraft maker which has suffered high profile glitches including a battery fire and fuel leak and oil leak, and so let's go to the charts with the original aviator and talking about carter braxton with worth. >> well, that was a long list there. this is a five-year chart of the boeing and what is important is 75 level and 75 4re 75...
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Jan 11, 2013
01/13
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lizly -- liz: i flew home on a boeing jet this week, everything was fine. i talked to the biggest names in the future of tech. take a look. >> we've developed some technology that you will be able to take the different camera angles that you have, there's about 17 of them in any one stadium, and if you're in the stands, and you want to watch the replay from a certain angle, you can do that and customize the content. >> does this come from inside intel? >> i hope so. i would think so. that's the board's decision. i'm only one vote, but i think we have a very good stable internal people. >> have you made a recommendation? >> yes, i have. >> i don't have regrets. everything happens for a reason, and i don't know what my future holds, but i know who holds my future, and in that, there's a lot of peace and comfort. >> do you have a lady in your life, and not your mom. >> no, i do not, i'm single. >> once again, you follow what the consumers are doing, and they are moving to wireless. we want to offer wireless voice, video -- >> you're not going to sell it? it's
lizly -- liz: i flew home on a boeing jet this week, everything was fine. i talked to the biggest names in the future of tech. take a look. >> we've developed some technology that you will be able to take the different camera angles that you have, there's about 17 of them in any one stadium, and if you're in the stands, and you want to watch the replay from a certain angle, you can do that and customize the content. >> does this come from inside intel? >> i hope so. i would...
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Jan 9, 2013
01/13
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a wake-up call for boeing as its dreamliner problems continue. in today's cover story, plugging into the consumer electronics show. what new technologies are turning heads this year. is the housing market setting up for a breakout year? revealing the truth behind anti-virus software. why the protection may still leave you at risk. and, earnings season kicks off. what traders are watching. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, january the 9th. i'm angela miles. in today's first look: alcoa turns a profit. the first dow component to report in the fresh earnings season posted a profit of $242 million despite weak prices for aluminum. the sell-off in the market continues. the major indicies all fell yesterday. telecom stocks were among the biggest losers. gold rallied, while oil flatlined. president obama is expected to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept
a wake-up call for boeing as its dreamliner problems continue. in today's cover story, plugging into the consumer electronics show. what new technologies are turning heads this year. is the housing market setting up for a breakout year? revealing the truth behind anti-virus software. why the protection may still leave you at risk. and, earnings season kicks off. what traders are watching. first business starts now. you're watching first business: financial news, analysis, and today's investment...
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Jan 9, 2013
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boeing shares up 2%. it was interesting in yesterday's session, this is what mike pointed out yesterday on fast, and there is a change in sentiment yesterday during the session in the options pits. very, very bearish. and toward the end they were getting bullish on the stock. willing to get in at the lows. that was as it turns out the lows in this sort of week of debacles for boeing. those shares are higher today. >> people are going to give them the benefit of the doubt. airbus has had a lot of problems. these are really hard planes to build. they switched that new composite, went away from aluminum. i come back and just say, once again, if you doubt boeing's prowess, you haven't studied them, from the b-29 and b-17 on, great american company. they'll solve it. in the interim i think people will say -- we haven't seen big cancellations. >> no, we haven't. let's check in with bob pisani on the floor this morning. >> happy wednesday. this is the first day of the week we've had a positive opening. at least
boeing shares up 2%. it was interesting in yesterday's session, this is what mike pointed out yesterday on fast, and there is a change in sentiment yesterday during the session in the options pits. very, very bearish. and toward the end they were getting bullish on the stock. willing to get in at the lows. that was as it turns out the lows in this sort of week of debacles for boeing. those shares are higher today. >> people are going to give them the benefit of the doubt. airbus has had a...
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Jan 12, 2013
01/13
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." >>> well, it may be the dreamliner, but all those problems might feel like a nightmare for boeing. we'll have the latest on the faa's investigation into the jet dubbed the plane of the future. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. you paid...wow. hmmm. let's see if walmart can help you find the same look for less. okay. see? walmart has all these leading eyewear brands and styles. rockstar! really? yeah. oh, wow! oh, black frame looks good on you. yeah? you can get a complete pair starting at just -- $38. really?! and did you know that our glasses come with a free 12-month replacement guarantee? i didn't know walmart had all this. the price is impressive, the quality is too! come to walmart and see for yourself. find rollbacks on the contact lenses you want. like the acuvue oasys -- now $27.88. walmart. with multiple
." >>> well, it may be the dreamliner, but all those problems might feel like a nightmare for boeing. we'll have the latest on the faa's investigation into the jet dubbed the plane of the future. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to...
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Jan 12, 2013
01/13
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boeing shares followed tech glitches. but cohen carter says buy now and they're teaming up for a trade that can pay you long shares for the battered air space giants. we'll break it down. >>> plus, house of pain? morgan stanley and jpmorgan fall ahead of next woke's earnings. should you be concerned? dan nathan will have the answers. and well liked, facebook shares have surged 17% in 2013, and do you see more upside? scott nations gets social. the action begins right now. >>> from the heart of new york times square, i'm melissa lee, these are the traders. and the rally is showing signs of fatigue with the financials ahead of the earnings. with the vix at five-year lows and the dow at five-year highs, is this the calm before the storm? we will get into the money and find out. dan, the question is here as we do look at the five-year highs, do we look like we are setting up for a fall? >> we could. here is the thing that we got through some events that had not a whole lot of a heck to do with the corporate earnings and that
boeing shares followed tech glitches. but cohen carter says buy now and they're teaming up for a trade that can pay you long shares for the battered air space giants. we'll break it down. >>> plus, house of pain? morgan stanley and jpmorgan fall ahead of next woke's earnings. should you be concerned? dan nathan will have the answers. and well liked, facebook shares have surged 17% in 2013, and do you see more upside? scott nations gets social. the action begins right now. >>>...
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Jan 9, 2013
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. >>> like it needs it but another black eye for boeing. the third in three days. our very own phil lebeau has been following this since the beginning and you have the latest for us now. phil? >> we heard from boeing executives an hour and a half ago hearing where things stand for the 787. defending it is a reliable aircraft. as we look at a picture of the ntsb increst gating the batteries, the trace the cause of the fire on monday, boeing today on a conference call defended the use of lithium ion b batteries. boeing says it has 1 million miles flown with those batteries pch they believe it is safe in the future. chief engineer is asked whether he was worried about whether or not the problems with the dream liner will hurt the plane or boeings reputation mp here is what he had to say. >> what impact he the customer serious to me, anything that create downtown on the airplane when the airplane should be flying, serious to me. anything that creates media attention is serious to me as well. so i'm concerned about the things that everybody is concerned about. there's n
. >>> like it needs it but another black eye for boeing. the third in three days. our very own phil lebeau has been following this since the beginning and you have the latest for us now. phil? >> we heard from boeing executives an hour and a half ago hearing where things stand for the 787. defending it is a reliable aircraft. as we look at a picture of the ntsb increst gating the batteries, the trace the cause of the fire on monday, boeing today on a conference call defended the...
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Jan 12, 2013
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abc news reporter has more from washington, d.c.. >> called the dream liner, boeing 787. and it has the most cutting edge technology in the sky. but recent incidents raised warning flags. officials announced a comprehensive review. critical systems of the aircraft including design, manufacturing, and assembly. >> boeing's newest aircraft, dream liner remains on electrical signals. it is made with carbon fiber instead after lum anymore allowing to it get better fuel mileage. officials insisted the plane is safe but in last week, significant causes for pmp three foot long crack in the cockpit wind yof a 76 767 -- 787 flying in japan. also, this week a boston to tokyo flight delayed due to a fuel leak but if issues with the systems raised most concern. >> it's a very good battery. we're not sure what happened witness. >> some said a big issue for boeing is that it outsourced more manufacturing process than it had for other parts of the fleet. >> these are not an issue of the out sourcing. >> during a review, dream liner can continue to fly. >> we believe this is a safe aircr
abc news reporter has more from washington, d.c.. >> called the dream liner, boeing 787. and it has the most cutting edge technology in the sky. but recent incidents raised warning flags. officials announced a comprehensive review. critical systems of the aircraft including design, manufacturing, and assembly. >> boeing's newest aircraft, dream liner remains on electrical signals. it is made with carbon fiber instead after lum anymore allowing to it get better fuel mileage....
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Jan 11, 2013
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. >> is boeing's new during my are turning into a nightmare? more problems for the plane just as an inaugural flight is scheduled today at a san jose mineta. >> we're waking up to cold temperatures we're talking freezing temperatures are around the bay. will begin with our team coverage of the weather freeze warnings are and the fact. will tran is out there shivering >> you saw me an hour ago it was 32 degrees on the board and at and is now 31 degrees. it has gotten colder which means if it rains right now it is not coming down as rain. it will be snow because we are below the freezing mark. i have to tell you if it feels much colder than that. it cuts to the bone. >> it's freezing but you still have a nice note. >> i tried but i just can't do it. this is terrible for the mornings. my heating bill is probably quadruple the next week. >> and that was yoli aceves asking all those hard hitting reading questions. i can tell you what his bill is not the only one that's going up after this one. and it is cold james! i bet you have a nice warm cup of
. >> is boeing's new during my are turning into a nightmare? more problems for the plane just as an inaugural flight is scheduled today at a san jose mineta. >> we're waking up to cold temperatures we're talking freezing temperatures are around the bay. will begin with our team coverage of the weather freeze warnings are and the fact. will tran is out there shivering >> you saw me an hour ago it was 32 degrees on the board and at and is now 31 degrees. it has gotten colder...
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Jan 9, 2013
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it' >>> have you heard about the problems with boeing's new state of the art airplane? it's called the 787 or dreamliner. the latest mishap happened today in boston. cbs5 reporter kiet do tells us timing couldn't be worse for a big event in san jose. >> this has been an embarrassment for boeing, especially since the 787 has been touted as the next generation plane of the future. regardless it looks like the 787 is still getting the benefit of the doubt. so far it has not been a good week for the 787. today 40 gallons of fuel spilled as a dreamliner was about to take off from boston to tokyo. the plane from japan airlines was towed back to the gate and then yesterday another 787 also from japan airlines had smoke spewing from the cabin after passengers got off again in boston and one month ago a united 787 made an emergency landing in new orleans after one of six generators failed. the plane itself never lost power. >> no matter how much testing you do there are some things that unfortunately are inevitably discovered during the real world of operational airline flying.
it' >>> have you heard about the problems with boeing's new state of the art airplane? it's called the 787 or dreamliner. the latest mishap happened today in boston. cbs5 reporter kiet do tells us timing couldn't be worse for a big event in san jose. >> this has been an embarrassment for boeing, especially since the 787 has been touted as the next generation plane of the future. regardless it looks like the 787 is still getting the benefit of the doubt. so far it has not been a...